China lowers 2026 growth target to 4.5-5%, first cut in three years amid mounting headwinds

Business

China has unveiled its 2026 GDP growth target at the annual Two Sessions, a closely watched signal of policy direction as the economy grapples with weak demand, property strains and trade pressures. BEIJING:   China set its 2026 economic growth target at 4.5 to 5 per cent, marking the first downgrade since 2023, according to the government work report reviewed by CNA on Thursday (Mar 5). The target was set at “around 5 per cent” in each of the past three years. The move signals a more cautious